05:37 PM EST, 11/07/2024 (MT Newswires) -- Stantec ( STN ) was last seen up 1.7% in after-hours New York trade after the company on Thursday said its third-quarter adjusted profit, revenue, and backlog rose year-over-year and raised its guidance.

The engineering and design company said its adjusted profit, excluding most one-time items, rose to $147.9 million, or $1.30 per share, in the period, up from $126.7 million, or $1.14, in the year-prior quarter.

Revenue rose 16%, or $208 million, to $1.52 billion from $1.32 billion a year earlier. The growth was primarily driven by 7.8% from acquisitions and 6.5% organic net revenue growth, the company said.

The company said its order backlog stood at $7.31 billion, compared with 6.31 billion in the year-prior quarter.

The company also said it is changing some targets in its 2024 guidance. It now expects net revenue growth to be in the range of 14.5% to 15% from 12% to 15%. Adjusted diluted earnings per share growth is expected to be in the range of 16% to 18%, up from 12% to 16%.

Stantec ( STN ) shares were last seen up US$1.40 to US$85.99 after hours. They closed down $0.07 to $117.35 on the Toronto Stock Exchange.